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and things in china. so the growth in the america, south america and emerging markets. when you look at food service, even on some slower, you know, flattish type growth over the second and third quarters, the margin increases that we've had i think people are starting to see why the combination of these two as you showed earlier, cranes, plus food service equals profit. liz: okay. i mean i definitely see that but you just mentioned europe. where is the growth in your crane business? who is, buying your cranes? sorry, is it asia, or you just mentioned south america s that sort of a brazil pre-olympics play? >> i think actually it is sort of obviously brazil but there is chile, peru, colombia, all have been good markets and so, you know, the americas has been good. if you look at what is going on in the energy and the, the energy and the petro chem type business, the fracking is good type business and boom trucks that has driven the growth. you have australia's been good. russia is coming back. after can has been a good story this year. i think you put all that together on the crane side it o
, which countries do you envision south america, africa, you wrote about india obviously. in to be applied in and share our objectives? >> interesting brazil has carved out the identity. they always have trouble making arrangements to do missions of brazil. they are more standoffish. because of geography in west africa over the force of a decade so brazil would not be cost file to the united states but it would be independent with its own point* of view. says that may lead to argentina and develop their balance against brazil. it is strategic about the united states has gotten since the cold wear to asia -- from the rise of the cold war. it has been over hyped but within ds 2012 it is the enormous development. of the indian policy establishment would reject it like a diseased germ. with india aware it is on the map with the economic and military rise is against china. we should not get concessions but anchorage development in a way that we can. >> with your presentation of your book with the u.s. and everything here is absolutely clear. speenine. [laughter] could you talk about israel? a c
of miles away from where the end consumer is. how do you actually know what consumers let's say in south america, africa actually like in terms of fragrances? >> it's imminently linked to the culture of a local country. especially on the state side, especially on the flavor side. so we don't create fragrances and flavors for the indians and the chinese. we have 9,000 people around the world. half of them create the next fragrances and flavors. and out of those 4,500 people, you have roughly 2,000 people who are actually in those countries. they are local people so we are chinese employees, chinese favors, will create those fragrances and flavors for the whole market. because, again, you can't know about the local culture out of switzerland. so you have to by there. and we have there in all of those countries so we do expensive consumer tests. we do expensive consumer insight. we drive the trend and that's helpful to grow in those markets. >> another factor that's created a lot of headache is the strength. how difficult is it to be a globally operating company that's based here in switzer
? i will talk about the bricks in a minute. i am talking about south america, eastern europe, parts of asia. why do i love this story? it is basic macroeconomics. the key ingredients that drive growth. we know the story of debt, deficit, fiscal cliff. we know that the story of the aging population and financing, if you look at the statistics are round or they measure the performance in mathematics, science, and reading, you can see where the problem is. today, they were in the number 27, 28, and so on. productivity generally is the x factor that accommodates for 60% of why one country grows and another does not. generally, it includes things like political dynamic, so we know what is happening there. that is not my prediction. look at this framework, capital, labor, productivity. you will see why i am incredibly bullish. in terms of capital, these economies by a large did not have the debt burden that other countries are facing right now. why is that important? these countries are not suffering from a deal leveraging problem. 60%-70% is under the age of 25. in you got there, over 50
complaints about south korea and america's naval exercises, or the sailor that was detained by japan and taken into custody for a while. do you think that this is essentially china's wise to test the solvency and strength and direction of u.s. japan relations? if you do think it is that, the more provocative question again coming to your own nation strategy because japan is origination but it's an aging nation, it's a shrinking nation. when you look at and one wonders wonders what is japan's strategy in the region with allies and how to keep are so vital and robust when china may be saying when you look at long lines, japan will become less significant over time. we will become more significant over time. if i can add one last element. when president obama's national strategy to -- strategic policy was released, there's one thing we read who said america is undergoing a period of strategic contraction. he may be wrong. i loved her the counter position to that, but they're all of these assessments that this is the time for china to push these boundaries out. and so, what do you take i
Search Results 0 to 4 of about 5

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